Daily Newsletter

17 July 2024

Daily Newsletter

17 July 2024

InnVentures assumes management of two Embassy Suites hotels in US

The hotels comprise Embassy Suites Portland Washington Square in Oregon and Embassy Suites Seattle Belleville in Washington.

Upasana Mukherjee July 17 2024

InnVentures, a division of Highgate specialising in the management of premium select-service and extended-stay hotels, has taken on the management of two Embassy Suites hotels.

These hotels are Embassy Suites Portland Washington Square, Oregon; and the Embassy Suites Seattle Belleville, Washington, marking the company’s third and fourth Embassy Suites properties.

Embassy Suites Portland Washington Square features 356 rooms and offers amenities such as 13 meeting rooms, an indoor pool, and a fitness centre.

Embassy Suites Seattle Bellevue offers 240 rooms, a dining venue, a fitness centre, a pool, and 14,069ft² of event space, among other facilities.

With these new additions, InnVentures now manages a total of 85 properties.

The company's portfolio is said to have seen growth in 2023, with an increase of 25 hotels across nine states.

This expansion includes the company's expansion into Virginia, South Carolina, North Carolina, Connecticut, and Maryland, as well as further growth in Florida, Colorado, Washington, and Oregon.

InnVentures executive vice president and head David Montrose said: “The Pacific Northwest has been our primary market for over 40 years, and we've continued to flourish throughout Northern California and the Rockies.

“Recently, we've been making a push to expand into new markets such as Florida and the Northeast, where we see an opportunity to bring InnVentures' expertise and deliver strong results for our owners. We continue to grow in a disciplined and methodical manner, and in geographies where we can quickly assemble best-in-class talent clusters.”

InnVentures anticipates maintaining this momentum through the end of 2024, with plans to announce more management contracts later in the year.

These will mark the company's entry into new markets and further expansion in existing regions.

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